Post-retirement Life

People in Eastern India are better prepared to take on retired life than their counterparts in the country's North, South or West, thanks to their enhanced saving propensity for their future, a study reveals. According to the findings of the fourth edition of the India Retirement Index Study (IRIS), conducted by Max Life Insurance Company in partnership with KANTAR, a marketing data and analytics company, East India outshone other regions, scoring an impressive 54 on the Retirement Index, significantly higher than North and South India, both at 48, and West India at 49, as well as the national average of 49. India retirement index is the degree to which Indians feel prepared for retired life on a scale 0 to 100. It is based on how prepared the country is for a healthy, peaceful and financially independent post-retirement life, surveyors explained. The survey, according to officials, is aimed at understanding the retirement readiness of urban India, with insights into awareness, ...

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